B&M European Value Retail (LON:BME) Given a 640.00 Price Target at HSBC

HSBC set a 640.00 price objective on B&M European Value Retail (LON:BME) in a research note published on Monday. The brokerage currently has a buy rating on the stock.

BME has been the topic of a number of other reports. Canaccord Genuity Group dropped their price objective on shares of B&M European Value Retail from GBX 600 ($7.55) to GBX 565 ($7.11) and set a “buy” rating on the stock in a report on Friday. Goodbody set a 660.00 price target on B&M European Value Retail and gave the company a “buy” rating in a report on Monday, July 29th. Panmure Gordon started coverage on B&M European Value Retail in a report on Wednesday, October 2nd. They set a “buy” rating and a 685.00 price objective for the company. Finally, BNP Paribas began coverage on B&M European Value Retail in a research report on Monday. They set an “outperform” rating and a 660.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and an average target price of GBX 562.89 ($7.09).

B&M European Value Retail Trading Up 2.2 %

Shares of B&M European Value Retail stock traded up GBX 7.30 ($0.09) during trading hours on Monday, hitting GBX 346.30 ($4.36). The company’s stock had a trading volume of 5,004,899 shares, compared to its average volume of 4,232,208. B&M European Value Retail has a 12 month low of GBX 324.80 ($4.09) and a 12 month high of GBX 618.20 ($7.78). The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The company has a market capitalization of £3.46 billion, a PE ratio of 961.94 and a beta of 1.05. The stock has a 50 day moving average of GBX 400.18 and a 200 day moving average of GBX 450.55.

B&M European Value Retail Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 5.30 ($0.07) per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 21st. B&M European Value Retail’s dividend payout ratio is presently 4,166.67%.

Insider Activity

In other news, insider Alex Russo sold 8,602 shares of B&M European Value Retail stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 424 ($5.34), for a total value of £36,472.48 ($45,917.76). 4.22% of the stock is owned by company insiders.

About B&M European Value Retail

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.